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Share of ships with scrubbers seen rising despite 24% fall in fittings in 2022

15 March 2023

Scrubbers were installed on 399 ships in 2022, a fall of 24% y/y, and currently 13% of bulker, container, and tanker ships have a scrubber installed. Despite the slowing rate of installations, the share of ships with a scrubber is set to increase in coming years as 17% of ships in the shipyards’ order books are expected to have a scrubber installed.

Capesize shipments of Guinean bauxite jump 27.4% YTD

03 November 2022

High energy prices in Europe have shifted aluminium production to China. Due to China’s increasingly depleted bauxite reserves, this shift has resulted in an increase in bauxite shipments, benefitting the capesize segment. Guinea, the world’s largest exporter of bauxite, accounts for around half of traded volumes and has seen a 14.9% increase in bauxite shipments so far in 2022.

Tanker market report 23 September 2022

26 September 2022

Since the start of oil production in 2019, Guyana has been on a consistent upward trend in terms of crude exports. A big jump in exported volumes has been seen since April 2022 as the South American producer ramped up its production. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.

BIMCO COVID 19 weekly report dated 18 February 2022

18 February 2022

This BIMCO COVID 19 weekly report for the week ending 18 February covers the International Maritime Organization (IMO), Fiji and the latest from the World Health Organization (WHO). Every week, BIMCO summarises measures imposed by governments for sea transport, including for crew change, as well as updates from United Nations bodies such as the IMO, WHO and International Labour Organization (ILO).

Tanker market report 16 September 2022

20 September 2022

After many months of intense political negotiations, President Biden signed the Inflation Reduction Act (IRA) into law on 16th of August 2022. This bill is seen as the most significant climate bill in US history as although the lengthy legislation covers various aspects of US economy, the environmental provisions are unprecedented in scope and breath. The weekly tanker market report by Gibson Shipbrokers - features an overview of the crude oil and oil product tanker market.

See the recordings of the webinars - Shipping Market Overview & Outlook webinars held on 8 June

02 June 2022

BIMCO has re-launched its quarterly “Shipping Market Overview & Outlook” with Niels Rasmussen, who joined BIMCO as Chief Shipping Analyst in January this year. Focusing on recent developments, demand drivers, and supply for each of the three main sections of shipping; the bulk market, tanker market and container market, the Q2 2022 overview & outlook was presented by Niels at a series of three webinars on 8 June. Watch the recordings of each webinar.

China’s 15m tonnes oil products export quota could boost tonne miles to EU

06 October 2022

On 30 September 2022, China added 15 million tonnes to its 2022 export quota for oil products. The quota includes 13.25 million tonnes for gasoline, diesel and jet fuel as well as 1.75 million for low-sulphur marine fuel. If headed for the EU, it could be a welcome addition to the block seeking to replace on average 2 million tonnes of diesel imports from Russia when sanctions take effect from February 2023 and demand for heating increases in the winter months. It could also add some attractive tonne miles for product tankers.